CG Power JV invests Rs 7600 Cr in Gujarat semiconductor facility
The Business Guardian|March 02, 2024
In partnership with Renesas Electronics Corporation and Stars Microelectronics CG Power & Industrial Solutions (CG) and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. (Stars Microelectronics), a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider; had recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India.
CG Power JV invests Rs 7600 Cr in Gujarat semiconductor facility

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the project of the JV under India's Semiconductor scheme on 29 February 2024.

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